Business Case
A good part of managing high-levels sales is making educated decisions regarding the revenue of your company. Forecasting is an important part of most management systems. It is also an intuitive way of comparing performance between different business units, product categories etc. In many organization, these reports are often created with Microsoft Excel or other 3rd party tools and the file must go through all members of the team. This often results in unfavorable business decisions. The data is often sensitive and scattered in multiple documents, hindering with the CFO’s task of reviewing multiple sets of data at the same time and generating reports based on the data. Any attempt to create and prepare reports end up consuming a noteworthy amount of time.
Solution
We came up with an interactive forecasting dashboard that is geared towards a revenue forecast. Using Power BI, we were able to create a simple yet powerful dashboard that leverages data directly from the data source, filter data and generates a visual report that enables the CFO to get a forecast summary in minutes. Information like goal indicator, goal condition, revenue per day, hours allocated per resource and cost etc. can be visualized in tabular and graphical forms, eliminating the need of reviewing multiple data forms. Compiling all the financial data in one place leads the managers and CFOs to gain insight into the project budget, recognize whether the objectives and goals are being fulfilled or not and allows the management to know where they have the ability to improve their company. The dashboard is efficient, effective and provides a better picture of the business than any detailed variance report can.